Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Compute the cost assigned to ending inventory using a FIFO, b LIFO, c weighted average, and specific identification. For specific identification, units sold include units from beginning inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
Complete this question by entering your answers in the tabs below.
tablePerpetual FIFO Perpetual LIFO,tableWeightedAverageSpecific Id
Compute the cost assigned to ending inventory using LIFO.
tablePerpetual LIFO:Goods Purchased,Cost of Goods Sold,Inventory Balance# of units,tableCost perunittable# of unitssoldtableCost perunitCost of Goods Sold,# of unit,,tableCost perunittableInventoryBalanceMarch at$$
